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Transcript:

(AI Generated)

The core technology behind Web 3 is blockchain, and I know that we hear a lot about blockchain in the news, in writeups. But very fundamentally, it's a ledger. It's all it is. It shows that here's an asset, here's who owns it, and here's what the transaction was.

Just think about it very simply, and I know that for those that really know blockchain, they're like, wait a second. There's more to it than that. I get it. But fundamentally, it's a ledger and it keeps track of all of those transactions. So who bought this asset? Who owns this asset? Now? What was the history of all of those transactions?

And what's special about blockchain is that it is public and it is decentralized. And so what that means is that anybody can see all those records. If you just get access to the blockchain, you see all the records, you know who owns what, and then it is decentralized, which means that

you don't have to go through an intermediary to make a transaction.